Kodak Exiting Bankruptcy, Claims to Be on Path Toward Profits
Eastman Kodak Co. (EKDKQ) is just about to be a new company, with a new direction under the same CEO, and without the burdens of its financial disaster of a past. This story has…
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Year: 2013
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Newest first · Page 130Did Microsoft Just Pay $7 Billion for a New CEO?
courtesy of Nokia Corp.The announced acquisition by Microsoft Corp. (NASDAQ: MSFT) of the mobile phone business of Nokia Corp. (NYSE: NOK) for $7.2 billion gives Microsoft a couple of things. First, is an internal…
Markets Adjust After Boehner Supports Obama in Syria Military Strikes
ThinkstockIt just seemed that military strikes by the United States and its allies in Syria were either going to be on hold or delayed. That was then sentiment after the long Labor Day weekend.…
Analyst Upgrades and Downgrades Keep Coming: Corning, LeapFrog, Dean Foods and More
Jon OggMany research reports were delayed in their normal times on Tuesday, likely due to a post-Labor Day drag as employees may have been taking their kids to school or simply coming in later…
July New Construction Spending Recovers from June Decline
ThinkstockThe U.S. Census Bureau reported this morning that construction spending in July increased by 0.6%, to an estimated seasonally adjusted annual rate of $900.8 billion from an upwardly revised estimate of $895.7 billion in…
Why the Labor Department Unemployment Report Could Rock Markets on Friday
Ed Brown, via Wikimedia CommonsThis may be right after Labor Day, but the economic reports will be flowing heavily this week and peaking with the U.S. Labor Department report on the employment situation on…
ISM Manufacturing Growth Surprisingly Rises Much Higher
ThinkstockThe Institute for Supply Management (ISM) has reported that manufacturing expanded in August with a reading of 55.7%. This is up by 0.3 percentage points when compared to July’s reading of 55.4%, and it…
CoreLogic: Home Prices Climb as Homebuilder Shares Slide
ThinkstockSince hitting a five-year peak in mid-May of this year, shares of homebuilders’ stocks have dropped between 15% to 33%. That is about the time that mortgage interest rates began climbing and home prices…
PMI Shows Manufacturing and Employment Ahead of Labor Department Data
ThinkstockThe Markit U.S. Manufacturing PMI has released its final data for the month of August, showing a drop as output growth slowed to 10-month low. The report came in at 53.1, versus 53.7 in…
Bank Merger Arbitrage Spreads and Pipeline Indicate Different Trends
ThinkstockSterne Agee is out with a key report discussing merger arbitrage spreads and trends in mergers and acquisitions in the banking sector. While the M&A trade has been on the back burner of late,…
Oppenheimer Picks Five Top Bank Stocks to Buy for Rising Interest Rates
ThinkstockWhile the talking heads in the financial media argue back and forth about economic strategy on interest rates, there are two inescapable facts. First, interest rates had been at all-time lows for almost five…
Top 10 Analyst Upgrades and Downgrades: Apache, Nokia, Verizon and More
Jon OggLabor Day is behind us and attendance should be starting back with interest in the markets again. Each morning 24/7 Wall St. reviews literally dozens and dozens of Wall Street analyst research reports.…
UBS Has Prepared a Syrian Conflict Guide to Oil and Gas Stocks
ThinkstockWith the increasing likelihood of a U.S.-led military intervention in Syria, the oil markets have become volatile. Brent prices rose to as high as $117 a barrel last week. The price strength also might be…
Dollar General Earnings Due Tuesday; Dollar Stores’ Last Hurrah?
ThinkstockThe last, and largest, of the discount variety stores reports second quarter earnings tomorrow. Dollar General Corp. (NYSE: DG) is expected to post earnings per share (EPS) of $0.74 on revenues of $4.36 billion.…
America’s Fastest-Growing Retailers
Dwight Burdette, via Wikimedia CommonsWhile optimism about the economy fell slightly in August, consumer sentiment remained close to its six-year high. During the recession, Americans were reluctant to spend more than they had to.…